Ferrari will quit F1 if 2010 rules stand

Ferrari will quit Formula One at the end of season if the sport adopts a budget cap for 2010, the Italian company's board said on Tuesday.

• “No F1 in 2010 if the rules do not change. Ferrari confirms its opposition to the new rules imposed by FIA and does not intend to register cars for the 2010 F1 world championship,” a statement said.